According to Reuters, South Korea's Deputy Prime Minister of Economy and Planning and Finance Officer Zhang Zheng said on Monday that the United States no longer insisted on requiring South Korea to implement all of the $350 billion investments promised in the trade agreement reached in July this year in the form of direct investment, saying it was "significant progress".

According to Reuters, Koo Yun-cheol said at a congressional hearing held on the same day that "not all of this $350 billion will be provided in cash, which is a significant development." He added that the two sides are negotiating at the working level on the specific structure of the package.

According to the report, Koo Runzhe also said that he plans to meet with US Treasury Secretary Bescent and will directly explain the South Korean position to him. "I'm going to tell him that money is not the key for the United States, but that projects need to be started as soon as possible," Koo said.

Reuters that Mr. Mason plans to travel to Washington this week to attend the multinational finance ministers¡¯ meeting, which he said on Friday was coordinating with Mr. Bezent.

According to U.S. President Trump, South Korea will apply a 15% tariff rate on U.S. products, while U.S. products will not be charged in South Korea. South Korea will also invest $350 billion in the U.S. but South America¡¯s negotiations around the $3500 billion U.S. investment have fallen into a deadlock. The South Korean government announced a ¡°principle agreement¡± with the U.S. in July this year, explaining that $3500 billion was invested ¡°mostly with guarantees and loans, cash representing only a small portion¡±, but recently was asked by the U.S. to ¡°fund almost all in cash¡±.

In an interview with Reuters and British Broadcasting, South Korean President Li said that South Korea was striving to reach a tariff agreement with the United States as soon as possible, but if South Korea did not sign a currency exchange agreement, if it invested $350 billion in cash in accordance with the US demand, South Korea "would face a financial crisis similar to 1997".